Mortgage News - Afternoon Edition - Thursday, May 01st, 2008

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  • U.S. Treasury's Ryan Sees Increasing Failed Trades in Treasuries
  • U.S. Construction Spending Falls 1.1% in March
  • Inflation Fears Cast Shadow on Mortgage Rates and Applications Decline
  • Fed's Bernanke Says Impossible to Tell When Markets Will Normalize
  • Fed Cuts Rates by 25 Bps to 2.00%
  • Not Many Positives Coming Out of Jumbo Market Changes

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